Prudential PLC increased its position in shares of Allegion plc (NYSE:ALLE - Free Report) by 14.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,067 shares of the scientific and technical instruments company's stock after purchasing an additional 4,223 shares during the quarter. Prudential PLC's holdings in Allegion were worth $4,321,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Allegion by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 10,718,458 shares of the scientific and technical instruments company's stock valued at $1,400,688,000 after purchasing an additional 177,808 shares during the last quarter. Boston Partners grew its holdings in Allegion by 11.6% during the 4th quarter. Boston Partners now owns 4,716,756 shares of the scientific and technical instruments company's stock valued at $616,503,000 after buying an additional 488,390 shares during the last quarter. State Street Corp increased its position in Allegion by 1.2% during the third quarter. State Street Corp now owns 4,045,966 shares of the scientific and technical instruments company's stock worth $589,659,000 after buying an additional 49,929 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Allegion by 8.1% in the fourth quarter. Van ECK Associates Corp now owns 3,436,127 shares of the scientific and technical instruments company's stock worth $449,033,000 after acquiring an additional 257,175 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Allegion by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 2,152,831 shares of the scientific and technical instruments company's stock valued at $280,607,000 after acquiring an additional 41,417 shares in the last quarter. 92.21% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently commented on ALLE. Wells Fargo & Company dropped their price objective on Allegion from $140.00 to $135.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 19th. StockNews.com lowered shares of Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Robert W. Baird decreased their target price on shares of Allegion from $152.00 to $144.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 19th. Barclays lowered their target price on shares of Allegion from $130.00 to $126.00 and set an "underweight" rating for the company in a research note on Wednesday, March 26th. Finally, Morgan Stanley increased their price target on Allegion from $137.00 to $139.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 19th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, Allegion currently has a consensus rating of "Hold" and an average price target of $137.67.
Check Out Our Latest Report on ALLE
Insider Transactions at Allegion
In other Allegion news, CAO Nickolas A. Musial sold 403 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $124.70, for a total value of $50,254.10. Following the sale, the chief accounting officer now directly owns 4,972 shares of the company's stock, valued at $620,008.40. This trade represents a 7.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Tracy L. Kemp sold 2,032 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.74, for a total transaction of $257,535.68. Following the transaction, the senior vice president now directly owns 10,273 shares of the company's stock, valued at approximately $1,302,000.02. This trade represents a 16.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,224 shares of company stock worth $406,636. 0.33% of the stock is currently owned by insiders.
Allegion Stock Up 2.4 %
Shares of Allegion stock traded up $2.94 on Friday, hitting $125.02. 1,115,059 shares of the company's stock traded hands, compared to its average volume of 811,859. The company has a quick ratio of 1.43, a current ratio of 2.04 and a debt-to-equity ratio of 1.32. The firm's 50-day moving average is $127.72 and its 200 day moving average is $134.87. The stock has a market cap of $10.79 billion, a P/E ratio of 18.33, a PEG ratio of 3.97 and a beta of 1.01. Allegion plc has a 52-week low of $113.27 and a 52-week high of $156.10.
Allegion (NYSE:ALLE - Get Free Report) last released its earnings results on Tuesday, February 18th. The scientific and technical instruments company reported $1.86 EPS for the quarter, topping analysts' consensus estimates of $1.75 by $0.11. Allegion had a return on equity of 45.12% and a net margin of 15.84%. The company had revenue of $945.60 million for the quarter, compared to the consensus estimate of $938.91 million. Equities analysts anticipate that Allegion plc will post 7.77 earnings per share for the current year.
Allegion Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.51 per share. The ex-dividend date is Friday, June 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.63%. Allegion's dividend payout ratio (DPR) is 29.91%.
Allegion Company Profile
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Free Report)
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.
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